Labor Day Gas Prices Lowest Since 2004

Most U.S. drivers can expect to pay the lowest Labor Day gas prices since 2004 this holiday weekend, according to AAA. Today’s national average price of gas is $2.44 per gallon, which is 99 cents per gallon less than a year ago. U.S. consumers should save more than $1 billion on gasoline over the holiday weekend compared to 2014, with many drivers saving about $15-$25 on every trip to the gas station. Indiana’s current statewide average is $2.40 for self-serve regular unleaded. One year ago today, Hoosiers were paying $3.48. Average U.S. gas prices have dropped approximately 37 cents per gallon since hitting a 2015 peak price of $2.80 June 15. Ongoing price reductions are being fueled by falling crude oil prices and abundant petroleum supplies.

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